Timberwolves, Lynx tap former Penguins exec for CFO, COO

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  Opinion

  The hidden underwriting exposure of AI data centers

  Data centers are still widely financed like traditional real estate assets, but in the volatile AI era that framework is dangerous and outdated, Jonathan Hatzor writes.

  Technology

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  Sponsored by Paystand

  Real DeFi use cases that are changing B2B payments

  Decentralized Finance, or DeFi, is the next step in a shift toward open financial infrastructure.

  Technology

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  Producer prices jump to three-year high, spurred by war shortages

  “I could envision a scenario in which some policy tightening is needed to ensure that inflation returns durably to 2%,” Federal Reserve Bank of Boston President Susan Collins said.

  Strategy & Operations

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  CFOs must be intentional with junior finance hiring plans: BambooHR finance chief

  To address a looming senior finance role succession crisis, CFOs need to create a clear game-plan for junior-level hires, BambooHR Justin Judd said.  

  Strategy & Operations

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  Q&A

  Chemours CFO talks PFAS, tariffs and internal controls

  Shane Hostetter said strengthening controls and restoring trust were “critical priorities” when he took the Chemours CFO seat in 2024.  

  Strategy & Operations

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  SpineFrontier CFO pleads guilty to kickback scheme

  The executive paid more than $540,000 in bribes masked as consulting fees to steer surgeons toward the company’s products, according to prosecutors.

  Compliance

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  Super Micro’s internal control weaknesses linger

  The update comes two months after the AI server maker’s co-founder was indicted on charges connected to a smuggling scheme.

  Strategy & Operations

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  AI is the ‘foundation for great work,’ OneTrust CFO says

  OneTrust CFO Douglas Owens sees AI as more than a “productivity perk,” he said.

  Technology

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  Inflation surges 3.8%, propelled by gas price, outpacing wage gains

  The war-induced rise in price pressures may prompt the Federal Reserve to forgo a reduction in borrowing costs this year, economists said.

  Strategy & Operations

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  SAP ramps up push to bring AI agents to finance teams

  The rollout spans FP&A, tax, and treasury, as SAP moves to an end-to-end approach for automating finance workflows.

  Compliance

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  Execs admit to making ‘material’ decisions based on bad data

  Nearly 40% of surveyed finance and IT leaders said their organization incurred losses above $1 million due to data flaws.

  Technology

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  AICPA launches AI training to upskill finance teams

  KPMG, Cisco and Stanley Black & Decker have all piloted early versions of the program that aims to help workers become more proficient in using AI.

  Technology

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  Iran war inflation crimps profits, plans for investment, hiring: NABE

  Half of the respondents to a National Association for Business Economics survey put the odds of a U.S. recession in the next 12 months at 26% or higher.

  Strategy & Operations

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  SolarEdge taps new CFO amid turnaround plan

  Incoming SolarEdge CFO Maoz Sigron is set to receive a monthly salary of approximately $44,000, subject to a 10% reduction should certain financial performance goals be left unmet, according to an SEC filing.

  Financial Reporting

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  Berkshire’s incoming CFO to reap $8M salary in post-Buffet era

  The Nebraska-based conglomerate said it will pay newly appointed CFO Charles Chang nearly double the salary his predecessor received last year.

  Leadership

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  AlphaSense CFO dedicates at least 10 hours per week to AI skills

  Samantha Greenberg wants to make sure she is “right on top” of how to run an AI-native finance organization at AlphaSense, she said.

  Technology

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  CFOs earn higher pay as pressures mount: Datarails

  Median CFO pay now slightly exceeds chief operating officer levels, but tenure is falling and turnover is rising, the study found.

  Technology

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  Labor market adds 115,000 jobs, exceeds forecasts despite Iran war

  “Many businesses are catching up on hiring and investment decisions delayed last year due to tariff uncertainty,” said Bill Adams, chief U.S. economist at Fifth Third Commercial Bank.

  Strategy & Operations

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  Tech layoffs climb as AI remains top driver

  For the second month in a row, AI led all reasons for U.S. job cuts across sectors in April, accounting for 26% of total layoffs.

  Financial Reporting

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  New Shake Shack CFO gets $300K signing cash bonus

  Domino’s alum Michelle Hook joins the burger chain as it looks to expand its company-operated locations and swing back from an operating loss in Q1.

  Financial Reporting

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  Jennifer Garner’s Once Upon a Farm CFO gets post-IPO raise

  The organic kids' food maker will also pay $3 million more to actress Jennifer Garner as part of her spokesperson agreement.

  Strategy & Operations

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  Prophix CEO cautions against building an AI ‘faster horse’

  The advent of agentic AI represents a huge leap toward the dream of a continuous close — but to get there, providers need to convince CFOs it can be trustworthy.

  Financial Reporting

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  4 legal pricing pitfalls to avoid

  Companies must remain vigilant when adopting pricing tools to ensure they comply with antitrust laws, attorney J. Wyatt Fore advises.   

  Risk Management

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  OpenAI, PwC partner to build AI agents for CFOs

  The ChatGPT developer’s finance organization is serving as “customer zero” for the initiative.

  Technology

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  SEC unveils blueprint for ditching quarterly reporting

  The proposal is part of the “Make IPOs Great Again” push aimed at reducing the “rigidity” of rules governing public companies, SEC Chair Paul Atkins said Tuesday.

  Strategy & Operations

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  The Knot Worldwide’s Michael Pickrum: How to be a ‘value CFO’

  With wedding season nearing, The Knot WorldWide CFO Michael Pickrum wants to ensure the company’s finance function can serve as a value add, he said.

  Strategy & Operations

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